The direction was given by Justice N A Patil who asked the magistrate in Maval taluka to reconsider the C-Summary (closure report) and decide on it.
The matter has been posted after two weeks.
Earlier, the court had asked the state to file an affidavit explaining on what basis it had filed a closure report and had concluded that no offences have been attracted under IPC in this case.
According to CBI counsel H R Venegaonkar, huge tracts of land were acquired by the state government from villagers near Lonavala for Mumbai-Pune Expressway, which became operational in 2002. However, these lands were fraudulently sold in bogus deals by IRB Developers.
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The police closed the case by filing a C-summary report in a court at Lonavala in Pune district. It concluded that the deals did not attract offences under IPC because they were made between the parties due to "misunderstanding" that the land had been returned to the villagers, CBI said.
It was also alleged that RTI activist and whistleblower Satish Shetty was killed after he exposed these land deals.